I think the context is important: this was a political event where the US president made an appearance, and all the tech CEOs lined up to say the age of China i

I think the context is important: this was a political event where the US president made an appearance, and all the tech CEOs lined up to say the age of China is over. There's little evidence that new fabs won't run into the same problems they ran into in the mid 90s. What's different this time is there is political will all the way to the top in keeping this chip making capacity on-shore. It remains to be seen whether that political motivation translates to on-the-ground differences (cynical view: unlikely).